Answer:
The industrial sector uses natural gas as a fuel for process heating, in combined heat and power systems as a raw material to produce chemicals, fertilizer, hydrogen, and plant fuel.
Explanation:
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The correct option is C. Stocks offer a potentially large return on investment which is an advantage of investing in stocks.
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What is the need to invest in stocks?</h3>
Stocks can be the most valuable part of your investment portfolio. Owning stocks in different firms can help you build your savings, protect your money from inflation and taxes, and maximize the income from your investments.
Thus, investing in stocks helps you to build your savings, protect your money from inflation and taxes, and maximize the income from your investments. So, stocks offer a potentially large return on investment.
Learn more about Investing in stocks here:
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<span>The us of independent channel members in a channel of distribution allows manufacturers </span>to achieve distinctive clients with a similar item or diverse clients with various items exceptionally basic for vast and little firms.
Ex) apple store, apple site, best purchase with apple items
Answer:
Deferred Tax Asset:
The amount of taxes that is paid or carried forward but not yet identified in the income statement is referred as deferred tax asset
Journal Entries:
Debit: Income Tax Expense (balancing amount) = 812,500
Debit: Deferred Tax Asset = 87,500
Credit: Income Tax Payable = 900,000
- Income tax expense reduces the stockholders. equity. Hence, debit income tax expense with $812,500
.
- Deferred tax asset is an asset and is increased by $87,500. Therefore, debit deferred tax asset account with $87,500.
- Income tax payable increases the liability by $900,000. Therefore, credit Income tax payable account with $900.000.
Working note:
Determine the amount of deferred tax asset.
Deferred tax asset = Rent collected in 2021 × Enacted tax rate
Deferred tax asset = $350,000 × 25%
Deferred tax asset = $87,500
Determine the amount of income tax expense.
Income tax expense = Income tax payable — Deferred tax asset
Income tax expense = $900,000 = $87,500
Income tax expense = $812,500
Answer:
$2,100
Explanation:
Cash Available = Opening Balance + Receipts - Disbursements - Desired Balance
= $15,000 +$89,600 - $72,500 - $30,000
= $2,100
Therefore,
The excess of cash available over disbursements for the month would be $2,100
